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Business confidence did however tick higher in the latest survey period, with entry into new markets, new product launches and hopes of stronger demand underpinning the outlook.
Source: https://www.business-live.co.uk/economic-development/region-back-growth-mode-after-27520219
Business confidence fell last month amid jitters over the slowing UK economy dampening company plans to hire more staff, according to a survey of more than 4,000 firms.
“Business confidence in the region is high, and we know many are planning to invest in growing their teams and expanding their products and services in the months to come.
Source: https://www.business-live.co.uk/professional-services/lloyds-bank-south-west-invests-27112279
“Business confidence remains worryingly low, with only a third of firms reporting improvements to sales, and less than a quarter reporting increased investment.